Annual report pursuant to Section 13 and 15(d)

Concentrations (Tables)

v3.20.1
Concentrations (Tables)
12 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]  
Schedule of Concentration of Risks

The change in the composition of customers between the two years resulted primarily from the change of focus from sales to R&D customers to Proof of Concept sales to customers preparing to initiate commercial production.

 

Customer   2019     2018  
A     27.42 %     -  
B     21.2 %     12.87 %
C     20.34 %     -  
D     11.83 %     23.34 %
E     -       12.62 %
F     -       12.18 %

 

Accounts Receivable – The Company had the following significant customers who accounted for more than 10% each of the Company’s accounts receivable balance at December 31, 2019 and 2018, respectively.

 

Customer   2019     2018  
             
A     76.46 %     -  
B     23.54 %     -  
C     -       64.43 %
D     -       17.01 %
E     -       12.11 %